Weather-Storms and being Prepared Mobile Alabama
September 11, 2018
Weather-Storms and being Prepared Mobile Al.This is the time of year we have storms and crazy weather and tropical storms and hurricanes.Here in Mobile we take our signs out of the yard for bad weather and winds. This keeps our company signs from being blown into someone else house. We put them back out after the ...
September 2018 Middle Tennessee Market Update
September 10, 2018
In the Middle Tennessee area of Manchester, TN; the number of home sales is up 5% from last year to date. Even with limited inventory, not only the number of sales, but the sales price is increasing. Average home prices for 2018 are up 9.25% vs. 2017 year Thinking of purchasing a home or selling yours? Now is ...
Buying a Home Today Instead of Waiting
September 10, 2018
Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next ...
Home Organization Ideas
September 09, 2018
Here is a link to a home organization article!Love the jewelry closet idea!Copy and paste:https://www.houselogic.com/organize-maintain/storage-ideas-hacks/home-organization-ideas-clever-storage-small-houses/?site_ref=mosaic...
Lots Are Costing Buyers More
September 08, 2018
September 7, 2018Lots may be getting smaller, but they’re also getting more expensive, according to analyzed data taken from the U.S. Census Bureau’s Survey of Construction. Single-family lot prices reached a new record high in 2017—half of the lots were priced at or above $47,400. © Michael H - DigitalVision/Getty Images While ...
FHA Loan Down Payment Sources: Retirement Funds
September 07, 2018
We’ve been discussing FHA home loan down payment sources and the rules that govern them. FHA mortgage loan rules in HUD 4000.1 have strict requirements when it comes to the sourcing of down payments; since most FHA forward mortgages require a down payment, the rules in this area are very important to know ahead of your loan ...
The Tiny House That Love Built
September 07, 2018
https://www.zillow.com/blog/tiny-house-love-built-228400/...
Time to add mums to your landscape!
September 07, 2018
It’s that time of the year where pops of orange, yellow and burgundy start showing up everywhere you go. Pumpkins and mums are the go-to outdoor décor for the fall, and perfect for creating a showy front porch (which is great if your house is on the market during this time). They are a great ...
Home Selling Checklist
September 06, 2018
of 7 Automatic Zoom Actual Size Page Fit ...
Will publishing sold data open the door to real estate disrupters?
September 05, 2018
Star Business Journal-Real EstateBy Tess Kalinowski Real Estate ReporterWed., Sept. 5, 2018 Last month, the Supreme Court dismissed TREB’s application to appeal a Competition Tribunal decision that ruled that web-based brokerages — known in the industry as virtual office websites (VOWs) — should be allowed to publish sold data on their websites. All consumers should need in order ...
Home Renovations: Budgeting 101
September 05, 2018
Ready to remodel your dated bathroom or Kitchen? Looking to add a home office or space for your growing family? The easiest part is knowing your end goal. Before you start picking out flooring and paint, know your budget and have resources to call on in times of trouble are just as important as your vision in this ...
FHA Appraiser Inspection Guidelines
September 05, 2018
FHA Appraiser Inspection Guidelines Appraisal request Prior to starting the assignment, the appraiser’s must have: The FHA case # A signed copy of the sales contract and all counter offers and addendums. Exterior items requiring repairs or inspections:Exposed ...
Rents Are on The Rise: Don't Get Caught in The Rental Trap!
September 04, 2018
There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.Don’t Become Trapped A recent article by Apartment List addressed rising rents by stating:“Our national rent index is up 0.1 percent month-over-month, marking the sixth straight ...
Alabama - diverse housing options
September 03, 2018
Living in Alabama like all places has its ups and downs. The cost of living is affordable but it depends on what area you're going to live in. Right now there is a revitalization movement sweeping the downtown in the metropolitan areas. This is allowing for the renovation of many historical buildings into houses or apartment building. The ...
What is an FHA Loan?
September 02, 2018
An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). They are popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.Borrowers can qualify for an FHA ...
Maximum Loan-to-Value (LTV) Ratio for the FHA Mortgage Program
September 02, 2018
If you plan to use an FHA loan to buy a house, you’ll be limited to a certain loan-to-value ratio, or LTV. The maximum loan-to-value for the FHA mortgage insurance program is 96.5%, according to official HUD guidelines. This means eligible borrowers can make a down payment as low as 3.5% of the home’s value ...
Fall Home Checklist
August 29, 2018
September☐ Inspect, and possibly change out HVAC filters☐ Clean kitchen sink disposal☐ Clean range hood filters☐ Inspect your fire extinguisher(s)October☐ Inspect, and possibly change out HVAC filters☐ Clean kitchen sink disposal☐ Clean range hood filters☐ Inspect your fire extinguisher(s)November☐ Inspect, and possibly change out HVAC filters☐ Clean kitchen sink disposal☐ Clean range hood filters☐ Inspect your fire extinguisher(s)Quarterly☐ Test ...
Reasons To Get A Home Inspection | Nancy Braun on Charlotte Today
August 29, 2018
Post by: Nancy Braun, Showcase Realty In the latest episode of Charlotte Today, Nancy Braun talks about why a buyer should never skip a home inspection.It’s easy to get caught up in the excitement of buying a new home that some buyers tend to forget to make the important decision of having a home inspection ...
HUD Enhanced Buyer Opportunites
August 28, 2018
HUD VOLUMES Secretary of Housing and Urban Development REO volumes have declined significantly over the previous few years. Many potential buyers look for these properties for an opportunity to build sweat equity as a step into homeownership. The opportunities are fewer and further between, yet, HUD has continues to enhance their program for the opportunities that do ...
Traffic...Great traffic = a Great place to live
August 25, 2018
With its long and rich history, Southern hospitality and beautiful coastlines you won't wonder Alabama is a desirable place to live in. If you’re thinking in moving to Alabama get ready for beautiful shorelines, affordable housings and some of the nicest neighbors you’ll ever meet. Commutes will be a breeze in Alabama if you’re ...
What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
August 24, 2018
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:There are more price cuts now than a year ago in over two-thirds of the nation’s largest metrosAbout 14% of all listings had a price cut in JuneSince the beginning of the ...
CONDO FINANCING
August 22, 2018
Did you know that if a condominium complex has been FHA approved in the past then there is a chance you can purchase a HUD foreclosure still on an FHA loan even if the complex has lost their FHA approval? Yes this is possible. HUD foreclosures are a result of FHA backed loans that have gone delinquent. This means ...
Presenting the Best Offer in A seller's Market
August 21, 2018
In seller’s market, buyers are often faced with multiple offers on every home they write an offer. After multiple losing offers they become discourage and just ask “how does my offer get chosen?” Many times they think it is all about the dollar and of course this is a big part but there other ...
Your credit score may have recently gone up—here's why
August 21, 2018
Last year, major credit reporting companies announced a plan to overhaul how negative information is handled on credit reports. Now, for many consumers, credit scores are going up, in some cases by more than 40 points, according to a report released this week by the New York Federal Reserve.Your credit score is a measure of how trustworthy you ...
Supply & Demand Will Determine Future Home Values
August 20, 2018
Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as:“The amount of a commodity, product, or service available and ...
